Distribution to 2000
Updated
The chart is pretty explanatory.
We saw an accumulation last week which led to the explosion of Price towards 2148 which is referred to as the manipulation, and since the beginning of this week, we have seen Price making moving downwards steadily with high momentum which is out distribution.
Price is still moving down, and I believe we would see it go 1990 - 2000 before we see any meaningful retracements.
Price has done a market structure change(CHoCH/MSS/BMS), and its signalling we that a swing down trend is about to begin, and the daily candle closed as a bearish engulfing with huge rejection, so I would encourage selling for now towards the immediate target which is 2000.
More update will follow at NY Session where the action resides.
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
We saw an accumulation last week which led to the explosion of Price towards 2148 which is referred to as the manipulation, and since the beginning of this week, we have seen Price making moving downwards steadily with high momentum which is out distribution.
Price is still moving down, and I believe we would see it go 1990 - 2000 before we see any meaningful retracements.
Price has done a market structure change(CHoCH/MSS/BMS), and its signalling we that a swing down trend is about to begin, and the daily candle closed as a bearish engulfing with huge rejection, so I would encourage selling for now towards the immediate target which is 2000.
More update will follow at NY Session where the action resides.
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Note
We bagged a whooping 300pip movement yesterday from London Session to NY.The Distribution still continues down to 1990-2000 so any buying right now should be scalp.
Looking to getting more entries to SELL more today towards our target
Note
I released another analysis which give an entry for the sell continuation. Check it out, and don't forget to follow for more
Note
SELL not activated yet..Bull is still strong. We got Price moving into the zone before London Session, which is a bit worrisome, so its better to wait for rejectionsNote
Nice rejection caught on 5min and 45mins TF. 130pips bagged 🤑💰💸✅✅🤑🤑Note
A good zone to SELLNote
A break above the trendline and retest would be a good place to BUY to 2050Note
I hope y'all were able to make cool profits from this analysis.Follow me for more update and more winning trades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.